Common use of Directors and Officers Insurance; Indemnification Clause in Contracts

Directors and Officers Insurance; Indemnification. (a) The Company shall provide the Executive with (i) the coverage applicable to the officers of the Company under the Company’s policies of directors’ and officers’ insurance as may be in effect from time to time, and (ii) the most favorable indemnification that the Company from time to time extends to any of its officers or directors, whether under the Company’s by-laws, Certificate of Incorporation, by contract or otherwise. (b) The Company shall amend its directors’ and officers’ liability insurance policy to add the Executive as a named insured under such policy. (c) For so long as the Executive serves as an officer or director of the Company, the Company shall maintain directors’ and officers’ liability insurance with an insurer which maintains a rating of not less than A- by Fitch or A.M. Best with at least the current level of coverage.

Directors and Officers Insurance; Indemnification. (a) The Company shall provide the Executive with (i) the coverage applicable to the officers of the Company under the Company’s 's policies of directors’ ' and officers’ ' insurance as may be in effect from time to time, and (ii) the most favorable indemnification that the Company from time to time extends to any of its officers or directors, whether under the Company’s 's by-laws, Certificate of Incorporation, by contract or otherwise. (b) The Company shall amend its directors’ ' and officers’ ' liability insurance policy to add the Executive as a named insured under such policy. (c) For so long as the Executive serves as an officer or director of the Company, the Company shall maintain directors’ ' and officers’ ' liability insurance with an insurer which maintains a rating of not less than A- by Fitch or A.M. Best with at least the current level of coverage.